| 29.01.2009 - Lloyds TSB's SWIP targets Gulf with Saudi branch |
| From Reuters: Scottish Widows Investment Partnership (SWIP) has joined a Saudi partner to open a subsidiary in the world's largest oil exporter, the joint venture said on Wednesday. SWIP is the fund management arm of British banking group Lloyds TSB. SWIP Saudi Asset Management (SWIP SAM), a joint venture between SWIP and local Manar Financial Investment Co, will focus mainly on investment in the insurance sector, SWIP SAM said in a statement..... Full Article: Source |